monday.com (NASDAQ:MNDY) Given New $450.00 Price Target at Tigress Financial

monday.com (NASDAQ:MNDY) had its price objective hoisted by Tigress Financial from $340.00 to $450.00 in a research note released on Friday morning,Benzinga reports. Tigress Financial currently has a buy rating on the stock.

Several other equities research analysts also recently weighed in on the company. Scotiabank increased their price target on monday.com from $300.00 to $400.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, February 11th. Piper Sandler raised their target price on monday.com from $345.00 to $385.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Barclays lifted their price target on monday.com from $325.00 to $360.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. Needham & Company LLC raised their price objective on shares of monday.com from $350.00 to $400.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Finally, KeyCorp raised shares of monday.com from a “sector weight” rating to an “overweight” rating and set a $420.00 target price for the company in a report on Tuesday, February 11th. Four investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat, monday.com currently has an average rating of “Moderate Buy” and an average price target of $358.32.

monday.com Stock Down 2.4 %

Shares of NASDAQ:MNDY opened at $300.65 on Friday. The business has a 50-day moving average price of $256.10 and a 200-day moving average price of $267.36. The stock has a market cap of $14.52 billion, a price-to-earnings ratio of 501.08, a PEG ratio of 16.54 and a beta of 1.31. monday.com has a 52-week low of $174.75 and a 52-week high of $342.64.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings data on Monday, February 10th. The company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.28). monday.com had a net margin of 3.33% and a return on equity of 6.22%. As a group, equities analysts anticipate that monday.com will post 0.46 EPS for the current fiscal year.

Institutional Trading of monday.com

A number of institutional investors have recently made changes to their positions in the company. Mackenzie Financial Corp lifted its holdings in monday.com by 18.2% in the 4th quarter. Mackenzie Financial Corp now owns 2,430 shares of the company’s stock valued at $572,000 after purchasing an additional 374 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of monday.com by 12.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 117,436 shares of the company’s stock valued at $27,649,000 after buying an additional 12,999 shares during the last quarter. USS Investment Management Ltd purchased a new position in shares of monday.com in the fourth quarter worth about $1,736,000. Woodline Partners LP acquired a new position in monday.com during the fourth quarter worth about $255,000. Finally, Tremblant Capital Group purchased a new stake in monday.com during the 4th quarter valued at about $26,031,000. 73.70% of the stock is owned by institutional investors and hedge funds.

About monday.com

monday.com Ltd., together with its subsidiaries, develops software applications in the United States, Europe, the Middle East, Africa, the United Kingdom, and internationally. The company provides Work OS, a cloud-based visual work operating system that consists of modular building blocks used and assembled to create software applications and work management tools.